NewCater

Voting starts in

Newcater is a leading e-commerce website in applying Blockchain technology, Smart contract, as well as new technologies to bring a transparent and secured platform. Smart contracts are applied in transactions to ensure security, auction confirmation and increase trust between sellers and buyers, reduce transaction fees and duration.

Blockchain Advisor

Nhan Nguyen

CFO

Financial

Token info

Investment info

Min. investment

0.2 ETH

Accepting

Unknown

KYC Requirement

Yes

Whitelist Requirement

Yes

Soft cap

5,000 ETH

Hard cap

15,000 ETH

Milestones

1

Build Omni-channel sales solution: Built

The precursor of Newcater is a software company specializing in building ERP solutions and ecommerce logistics solutions for businesses. We have sold this service to a logistics group and move to building e-commerce omni-channel sales solution and research the application of blockhchain technology in e-commerce.

2

Research the application of Blockchain technology in e-commerce: 2017

Establish an enterprise in Singapore, set up the R&D department for Blockchain technology application in cross-border e-commerce and e-payment. Conduct market research and write product concepts.

3

Crowdsale & MVP : Q3 - 2018

Implement project promotional activities, build the community, complete legal procedures and launch Crowdsale. Launch the Cater News website and the Alpha version of the Newcater e-market.

4

Exchange listing: Q4 - 2018

Carry out reward payment, and start listing on the exchange. This process can be started sooner if the Crowdsale process finishes earlier than planned. Launch the alpha version of Cater Wallet.

5

Launch the Cater Community forum: Q4 - 2018

Bring the Cater Community forum into operation. Members who own Cater Token can join to discuss ideas, share, vote, and create fundraising topics for different products. Newbies who want to join in the forum will purchase Cater from the exchange.

6

Start to release tokens to participating community of the Platform: From Q1 - 2019

Start releasing the first 10% of total 30% exploited reserves in 2019, equally distribute for 12 months, and then distribute to contribution activities for the platform promotion each month. Those activities include sign-up referral, account opening, store opening, product upload, purchase, information authentication, and sharing the website to social networks and other platforms, reviews, ratings, reporting, and more.

7

Complete the platform and run business: 2019

Complete the solutions, the platform and build mobile apps, widely implement business and promotional activities all over the globe and share benefits with the participating community.

8

Multilingual platform: From 2020

Implement all popular languages

9

The world’s biggest e-commerce platform for unique items: From 2025

Become one of the leading e-commerce website applying Blockchain technology and and the largest shopping platform for unique items.

Newcater project seems to be trying to do too many things at the same time. online market place, crypto wallet , online auctions etc. the primary reason I have voted NO for this project is token metric. 20 cents per token for 200m token gives enterprise value of 40m. no MVP. hence not investing.

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